The Institute of Cost and Management Accountants of Bangladesh has awarded 46 organisations in 17 categories for their best corporate practices based on financial parameters and non-financial indicators.
The winners of the ICMAB Best Corporate Awards received gold, silver and bronze awards.
Finance adviser Salehuddin Ahmed handed over the awards to the winners at an event held at the Pan Pacific Sonargaon Hotel in the capital Dhaka on Thursday.
Special guests included commerce adviser Sheikh Bashir Uddin, commerce secretary Md Selim Uddin and National Board of Revenue chairman Md Abdur Rahman Khan.
Salehuddin Ahmed, in his speech, said that the government inherited a hard situation and big challenges, especially in the financial sector.
鈥楨ven after reducing taxes and duties, prices of essentials are not decreasing. Existing bad systems in different stages of production is to be blamed for that,鈥� he said.
He said that the problems were solvable, adding, 鈥榃e need transparency and accountability to address the challenges. The cost and management accountants have a huge role to play in this.鈥�
Sheikh Bashir Uddin said that the council of advisers was sincere in serving the country and assured continuous efforts to build a better business friendly environment in the country.
Mahtab Uddin Ahmed, president of ICMAB, said that the country lacked in preparing professional accountants to meet the demand that a trillion dollar economy required.
鈥業 think we have a lot of work to do with the government to build a better Bangladesh and take a collaborative approach to get our contributions recognised,鈥� he said.
A jury board, chaired by Mohammed Farashuddin, former Bangladesh Bank Governor, reviewed and approved the final list of awardees, which was prepared by 45 evaluation experts from ICMAB.
Among others, Arif Khan, chairman of corporate award committee and a former ICMAB president, was present in the programme.
In state-owned commercial bank category, Sonali Bank PLC won gold award, Rupali Bank PLC silver and Agrani Bank PLC bronze.
In private commercial bank category, BRAC Bank PLC won gold award, Eastern Bank PLC silver and Dutch Bangla Bank PLC bronze.
In private commercial bank (Islamic operation) category, Shahjalal Islami Bank PLC won gold award.
In non-bank financial institution category, IDLC Finance PLC won gold award, DBH Finance PLC silver and IPDC Finance PLC bronze.
In non-life insurance category, Sena Insurance PLC won gold award, City Insurance PLC silver and Reliance Insurance Limited bronze.
In life insurance category, National Life Insurance PLC secured gold award, Pragati Life Insurance Limited silver and Sandhani Life Insurance Company Limited bronze.
In pharmaceuticals manufacturing category, Square Pharmaceuticals PLC won gold award, Renata PLC silver and Beximco Pharmaceuticals Limited bronze.
In cement manufacturing category, LafargeHolcim Bangladesh PLC received gold award, Crown Cement PLC silver and Premier Cement Mills PLC bronze.
In garments-textile manufacturing category, Matin Spinning Mills PLC won gold award, Paramount Textile PLC silver and Square Textiles PLC bronze.
In MNC manufacturing category, Marico Bangladesh Limited won gold award, British American Tobacco Bangladesh PLC silver and Reckitt Benckiser (Bangladesh) PLC bronze.
In other manufacturing category, BSRM Steels Limited received gold award, RAK Ceramics (Bangladesh) Limited silver and Social Marketing Company bronze.
In power generation category, United Power Generation and Distribution Company Limited got gold award and Doreen Power Generations and Systems Limited got bronze.
In oil, gas and energy category, Jamuna Oil Company Limited became gold award winner, Meghna Petroleum Limited silver winner and Padma Oil Company Limited bronze winner.
In NGO category, BRAC got gold award, icddr,b silver and ActionAid Bangladesh bronze.
In agro and good processing category, Olympic Industries Limited got gold award, Index Agro Industries Limited silver and Agricultural Marketing Co Limited bronze.
In trading and assembly category, Walton Hi-Tech Industries PLC secured gold award and Bangladesh Submarine Cables PLC silver.
In IT and telecommunication category, Grameenphone Limited got gold award and Robi Axiata PLC silver.
